Ganesh Green Bharat Limited · NSE:GGBL
Ganesh Green Bharat — Investor Presentation (August 2025)
31 slides from Ganesh Green Bharat's investor presentation, Aug 23, 2025
Slide 1: Submission of Investor Presentation cover letter
(Formerly known as Ganesh Electricals Private Limited) CIN: L31900GJ2019PLC108417 To, Date: 23/08/2025 Listing Department National Stock Exchange of India Limited, Exchange Plaza, C-1,Block G, Bandra Kurla Complex, Bandra(East}, Mumbai-400051. NSE SME EMERGE Symbol: GGBL ISIN: INEOR8C01018 Dear Sir/
Slide 2: Ganesh Green Bharat Limited Presentation - August'25
Ganesh Green Bharat Limited Presentation - August’25 www.ganeshgreen.com
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ganesh Green Bharat Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Content Inside
Content Inside What We What We Do? Do? Our Theme Our Theme Play Play Business Model Business Model Why Us? Why Us? Our Leadership Our Leadership Financial Performance Financial Performance Growth Drivers Growth Drivers Annexure Annexure
Slide 5: What We Do?
What We Do? Overview Overview GGBL is one of India’s leading solar panel manufacturers and EPC service providers, with business spanning solar PV module manufacturing, turnkey solar power systems & allied services, electrical infrastructure contracting, and water supply projects. The company initial
Slide 6: Company Overview
Company Overview Key Segments Key Services End To End Geography Solutions GGBL’s revenue GGBL’s revenue streams streams are are Making BIS-certified solar This mix This mix reflects reflects aa strategy strategy to to GGBL is geographically well-diversified across: well-diversified across: Solar Sol
Slide 7: Developments & Capacity Focus
Developments 01 Backward Integration Own manufacturing manufacturing ensures ensures quality quality control control and & Capacity Own and timely delivery, timely delivery, avoids avoids Chinese Chinese import import tariffs, tariffs, and and adds third-party adds third-party module module sales sa
Slide 8: Glance At Our Capacities
Gganesh Glance At Our Capacities =a
Slide 9: Business Model
Business Model
Slide 10: Business Model
Business Model Revenue Vertically Streams Integrated Solar PV Modules – Over 50% of FY24 revenue; sold to In-house module manufacturing → cost control, quality Govt. bodies, EPC contractors, and in-house projects. assurance, import duty savings, domestic-content tender Solar EPC & Allied Services –
Slide 11: Select Clients
Gganesh a 2 RRECL Dakshin Gujarat Jharkhand Renewable Kalthia Engineering Gujarat Industrial Rajasthan Vij Company Energy Development Construction Ltd Development Renewable Energy Limited Agency (Maharashtra) Corporation Corporation Limited f | La Jodhpur Vidhyut Phed, Rajasthan Public Health Engine
Slide 12: Our Leadership
Our Leadership
Slide 13: Management's Strength
Management’s Strength The management’s vision is to “lead the renewable energy revolution in the Asian subcontinent”, and their mission includes becoming a top-5 solar solutions provider in India and a “most trusted EPC contractor” while empowering thousands of people and electrifying lakhs of homes
Slide 14: Management's Strength
Management’s Strength Mr. Nirav Patel Mr. Rajendra Patel Whole Time Director and Promoter Whole Time Director and Promoter
Slide 15: Growth Drivers
Growth Drivers
Slide 16: Focus on Battery Energy Storage
Focus on Role of BESS Policy Push Battery BESS store BESS store renewable renewable power power The Government The Government of of India India has has for use for use when when generation generation isis low, low, issued enabling issued enabling policies policies for for enabling 24/7 enabling 24/7
Slide 17: India 2032 & 2047 Market Size & Forecast
India 2032 & 2047 Market Size & Forecast Rising National Long-Term Near-Term Ramp- Market Opportunity Targets Growth Potential Up & Gap CEA projects CEA projects 74 74 GW GW // 411 411 India may need 230 GW / Milestones: 8.7 Milestones: 8.7 GW GW BESS BESS byby Current awarded + tendered GWh storage
Slide 18: Supply-Demand Gaps & Our Position in the Ecosystem
Supply- Demand Gaps & Our Position in the The Gap Our Positioning Ecosystem The The targets PLI PLI manufacturing by manufacturing this is this is a scheme scheme Advanced Chemistry Advanced targets 50 Chemistry Cells 50 GWh GWh of a fraction by 2027, fraction of of the for for Cells of local local
Slide 19: Early BESS Project Experience
Early BESS Project Experience GGBL is already executing solar projects with integrated battery storage, such as a 1 MWp rooftop system for Western Railway (Mumbai) combining ~853 kW on-grid solar and ~145 kW hybrid with battery banks. This builds a track record in BESS integration for commercial and
Slide 20: Competitive Differentiators
Competitive Integrated Solar-Plus- Fully Automated Differentiators Storage Model Robotic Plant GGBL faces competition from battery OEMs, large EPCs, and global integrators, but its integrated solar-plus-storage model and domestic manufacturing give it an edge. In-house battery sourcing reduces suppl
Slide 21: Orderbook Status
Orderbook Status Sr.no Orderbook Breakup Rs in Cr Orderbook % 1 Solar system & allied services 347.73 32% 2 Solar module supply 723.18 66% 3 Water supply scheme projects 13.78 1% 4 Electrical contracting services 13.19 1% Total 1,097.88 100%
Slide 22: Our Theme: Riding India's Clean Energy Transition
Our Theme: Riding India’s Clean Energy Transition
Slide 23: Riding India's Clean Energy Transition
Riding India’s 01 02 Clean Energy Transition Solar Deployment Battery Storage Role Growth Ganesh Green Bharat Ltd is strategically positioned as a beneficiary of GGBL supports India’s India’s massive clean energy and grid modernization drive. The country’s 1,200 GW solar target by Early investment E
Slide 24: Riding India's Clean Energy Transition
Riding India’s 03 04 Clean Energy Transition Grid & Infra Policy & Opportunities Investment Tailwinds Favorable policies Favorable policies (PLI, (PLI, Ganesh Green Bharat is much more than a traditional EPC or manufacturing VGF, local-content VGF, local-content rules) rules) firm – it is evolving i
Slide 25: Why Us?
Why Us? Forward Integration Complementary Capacity Order Book to Existing EPC Expansion Strength Rs.1097.88 Cr Moving from Moving from EPC EPC + + solar solar GGBL will offer Solar EPC and Orders Pending module manufacturing module manufacturing into into Li- Li- battery projects for PSUs and ion ba
Slide 26: Financial Performance
Financial Performance
Slide 27: Income Statement
Income Statement Particulars (In Cr) FY22 FY23 FY24 FY25 Sales 105.54 90.2 170.17 318.01 Expenses 96.28 76.25 134.85 270.6 Operating Profit 9.26 13.95 35.32 47.41 Operating Margins 8.77% 15.47% 20.76% 14.91% Other Income 0.58 0.4 1.79 3.75 Depreciation 0.52 0.77 3.37 5.35 Interest 2.29 2.56 5.37 4.3
Slide 28: Balance Sheet
Balance Sheet Particulars (In Cr) FY22 FY23 FY24 FY25 Equity Share Capital 1.2 1.2 18.21 24.8 Reserves 25.87 34.03 39.07 180.32 Borrowings 22.47 27.39 53.71 47.57 Other Liabilities 38.81 25.24 39.31 86.19 Total 88.35 87.86 150.3 338.88 Net Block 1.62 1.81 20.81 48.49 Capital Work in Progress - - - -
Slide 29: Annexure
Annexure
Slide 30: Recognitions
Gganesh Recognitions an |==al Wothank outer ‘yourectanibunness
Slide 31: Thank You!
Thank You! And Stay And Stay Connected Connected Website www.ganeshgreen.com Investor Relations Twenty Eighth Consulting Palak Agarwal palak@twentyeighthconsulting.com
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